True
Investments
38Portfolio Exits
5Funds
2Partners & Customers
10True Web Traffic
True Rank
Latest True News
Sep 16, 2020
News provided by Share this article HADDONFIELD, N.J., Sept. 16, 2020 /PRNewswire/ -- True Search, the fastest growing executive search firm and 7th largest by revenue in North America, continues to expand its reach with a new official practice dedicated to private equity (PE) firms and their portfolio companies. The formation of True's private equity practice will bring even greater business insights, executive talent networks, and collective expertise to an already long, successful track record with PE's most recognizable brands including Warburg Pincus, Vista Equity, JMI Equity, Summit Partners, Susquehanna Growth Equity, L Catterton and others. True Search Partner Conor Leamy will serve as the PE practice lead in North America. To ensure continued global connectivity, Conor will also work closely with London-based Partner Cosmo Lush, who co-leads True's International CEO/BOD practice. Recently listed as one of the top 75 firms on Hunt Scanlon's Power 75 Rankings for PE work , True's PE experience spans growth equity, mid-market, and large buyout firms. The firm's team brings deep experience as a trusted advisor and strategic search partner in placing both operating partners in PE firms, and executives and board members in portfolio companies that have driven material transformation, measurable EBITDA improvements, and successful exits through acquisitions and IPOs. "Private Equity is a $3 trillion industry that requires not only a mastery of knowledge of the space itself, but also a tailored outlook and a passion for creating value. We've assembled an exceptional team of dedicated experts who will strengthen the existing strategic partnerships with our clients and candidates," said Joe Riggione, co-CEO at True. "This natural progression for us also enables us to reach even more firms seeking growth opportunities and quality executives to lead the charge," Riggione added. True Search's expertise across consumer, enterprise, security, edtech, fintech, gaming, media and entertainment, healthcare, and life sciences companies (private, public, and venture-backed) include placing functional leaders in: CEO/BOD People, Talent & Legal
True Investments
38 Investments
True has made 38 investments. Their latest investment was in AboveBoard as part of their Convertible Note on May 5, 2022.
True Investments Activity
Date | Round | Company | Amount | New? | Co-Investors | Sources |
|---|---|---|---|---|---|---|
5/10/2022 | Convertible Note | AboveBoard | $6M | Yes | 2 | |
2/17/2022 | Pre-Seed | Ray Studios | $3M | Yes | AirAngels, Gaingels, Kima Ventures, Nickleby Capital, and Undisclosed Investors | 2 |
10/11/2021 | Series A | Futureswap | $12M | Yes | 6 | |
8/9/2021 | Seed VC | |||||
8/4/2021 | Seed VC |
Date | 5/10/2022 | 2/17/2022 | 10/11/2021 | 8/9/2021 | 8/4/2021 |
|---|---|---|---|---|---|
Round | Convertible Note | Pre-Seed | Series A | Seed VC | Seed VC |
Company | AboveBoard | Ray Studios | Futureswap | ||
Amount | $6M | $3M | $12M | ||
New? | Yes | Yes | Yes | ||
Co-Investors | AirAngels, Gaingels, Kima Ventures, Nickleby Capital, and Undisclosed Investors | ||||
Sources | 2 | 2 | 6 |
True Portfolio Exits
5 Portfolio Exits
True has 5 portfolio exits. Their latest portfolio exit was Jump on June 21, 2022.
Date | Exit | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Acquirer | Sources |
|---|---|---|---|---|---|
6/21/2022 | Acquired | 3 | |||
Date | 6/21/2022 | ||||
|---|---|---|---|---|---|
Exit | Acquired | ||||
Companies | |||||
Valuation | |||||
Acquirer | |||||
Sources | 3 |
True Acquisitions
3 Acquisitions
True acquired 3 companies. Their latest acquisition was Sneak Energy on September 09, 2021.
Date | Investment Stage | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Total Funding | Note | Sources |
|---|---|---|---|---|---|---|
9/9/2021 | Acq - Fin | 1 | ||||
2/12/2019 | Other | |||||
7/23/2018 |
Date | 9/9/2021 | 2/12/2019 | 7/23/2018 |
|---|---|---|---|
Investment Stage | Other | ||
Companies | |||
Valuation | |||
Total Funding | |||
Note | Acq - Fin | ||
Sources | 1 |
True Fund History
2 Fund Histories
True has 2 funds, including True Fund III.
Closing Date | Fund | Fund Type | Status | Amount | Sources |
|---|---|---|---|---|---|
7/5/2021 | True Fund III | $382.2M | 2 | ||
9/17/2018 | True Seed Fund II |
Closing Date | 7/5/2021 | 9/17/2018 |
|---|---|---|
Fund | True Fund III | True Seed Fund II |
Fund Type | ||
Status | ||
Amount | $382.2M | |
Sources | 2 |
True Partners & Customers
10 Partners and customers
True has 10 strategic partners and customers. True recently partnered with Shell on July 7, 2019.
Date | Type | Business Partner | Country | News Snippet | Sources |
|---|---|---|---|---|---|
7/19/2019 | Partner | Netherlands | True to fuel retail innovation at Shell – True True Global energy company , Shell has collaborated with True , to gain access to emerging retail technologies and businesses . | 3 | |
8/7/2018 | Partner | United Kingdom | Marks and Spencer partners with True to drive “digital innovation” This has included news thatit is expanding its partnership with First Insight , theUS-based firm that helps retailers make product investment and pricingdecisions , and the creation of a Retail Data Academy with Decoded to allow itsstaff to `` get hands-on '' with technology such as machine learning andartificial intelligence with the aim of becoming the `` most data-literateleadership team in retail '' . | 1 | |
8/6/2018 | Client | United Kingdom | Marks & Spencer selects True to drive digital innovation agenda The partnership with True will generate investable opportunities for Marks & Spencer , as the business seeks to transform its digital capabilities . | 2 | |
1/1/2018 | Partner | ||||
11/29/2017 | Partner |
Date | 7/19/2019 | 8/7/2018 | 8/6/2018 | 1/1/2018 | 11/29/2017 |
|---|---|---|---|---|---|
Type | Partner | Partner | Client | Partner | Partner |
Business Partner | |||||
Country | Netherlands | United Kingdom | United Kingdom | ||
News Snippet | True to fuel retail innovation at Shell – True True Global energy company , Shell has collaborated with True , to gain access to emerging retail technologies and businesses . | Marks and Spencer partners with True to drive “digital innovation” This has included news thatit is expanding its partnership with First Insight , theUS-based firm that helps retailers make product investment and pricingdecisions , and the creation of a Retail Data Academy with Decoded to allow itsstaff to `` get hands-on '' with technology such as machine learning andartificial intelligence with the aim of becoming the `` most data-literateleadership team in retail '' . | Marks & Spencer selects True to drive digital innovation agenda The partnership with True will generate investable opportunities for Marks & Spencer , as the business seeks to transform its digital capabilities . | ||
Sources | 3 | 1 | 2 |
True Team
2 Team Members
True has 2 team members, including former Chief Financial Officer, Ted Sinclair.
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